India's Karnataka Bank up as provisional data points to strong Dec quarter

Karnataka Bank

03/01/2023 04:40

** Shares of Karnataka Bank Ltd  KBNK.NS  rise as much as
4.3% to 160.95 rupees, highest since Dec 21, 2022
    ** The bank on Monday reported provisional numbers for
Dec-qtr that showed a 7.87% YoY increase in aggregate deposits
to 845.93 billion rupees ($10.23 billion) 
        ** Gross advances jump 12.37% to 636.59 billion rupees
    ** About 1.2 mln shares change hands by 9:44 a.m. IST vs
30-day avg of 4.5 mln shares
    ** Stock surged ~150% last year
($1 = 82.7000 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))